Jim's cycle trades

[Jim Smith]

QCOM....these guys read charts

Now that's timely.....QCOM is sitting on a multiyear trendline and then out out of the blue, they come out with some positive news....I don't expect it to have a lasting affect, but these guys get and A for effort.

[Jim Smith]

Bulls focus on earnings

But the problem is not earnings but rather what the market wants to pay for earnings....with a rising rate environment, the market wants to pay less.....This is a secular bear market characterized by falling PE ratios, IMO.

[Jim Smith]

Shooting at stocks indiscriminately

I am now just looking for stocks that have points that can be given up

[lemonjello]

never happens

Didn't NKE chart break down a few days ago and then they come out with the AAPL NKE agreement which popped the stock right on schedule to roast some people? Naw, they don't look at charts.

Now that's timely.....QCOM is sitting on a multiyear trendline and then out out of the blue, they come out with some positive news....I don't expect it to have a lasting affect, but these guys get and A for effort.

[Jim Smith]

Shorting weak charts

Started new short positions in WLP, IWS and CLX

[wweeaazz]

Dow

Jim,

What you think 10,000-10,500 between now and Sept. ?

[Jim Smith]

Dow is regaining 200 day moving average

The top of the old channel is 11200....It seems to be dancing with the 40 week moving average right now.....Real curious about today's volume at the close....this feels like a counter trend rally.....

[Jim Smith]

Here's another scenario

I am full of them lately......The Dow trades in a range with the recent lows holding and 11200 acting as resistance......here's the issue, there's so much money floating around, where's it going to go? It won't go to bonds as they're heading south....It won't go back to realestate anytime soon....so, we're left with equities and Picasso paintings......I am a big fan of Picasso's rose period.....

[Jim Smith]

S&P 500 stopped at 200 day ma

as good a place as any to stop the advance....I bet we revisit the lows going into the Fed meeting.....but since everyone knows what the Fed is going to do, it may be anticlimactic allowing the markets to rally again after the meeting.

[wweeaazz]

What stocks you holding short?

Just curious, thanks...

[Jim Smith]

Flat into the weekend

I need to clear my head.....and play some poker.

[Jim Smith]

They wanted to break my balls

this IFO was such a blow up that when I mentioned it as a buy potential you needed asbestos gloves to touch it....Yeah, it doubled from when I first mentioned it but look at it now....a real massacre....Look, I'll point them out...But I am watching this tape like a hawk and I didn't feel comfortable with the market volatility to say buy buy buy.....You can't shoot the messenger, unless he's Homer, aka Garbo. Ok, so lets look at longs.....how about SSRI or LM? These are on my watch list.....CAMH might just make us all rich but lets wait till $2.11 is taken out....Shorts, just about everything else going into June 29.....

[Jim Smith]

LIFC .....looks good

this is another long I like

[Rob]

Grouchy Ol' Bear

Shorts, just about everything else going into June 29.....

I hope you're wrong, but I don't have any evidence to the contrary.

I bought a bunch of LIFC for 4.75 in 2000, got tired of it and dumped it. That's what impatience got me.

[RL]

Jim do you think DXPE Is dead In the water or can It get back to the $40's? I made good on your sugestion of It.